Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Global shares were mostly lower on Thursday as markets digested a strong profit report from U.S. chipmaker Nvidia. Nvidia again topped analysts' expectations. But technology shares in Tokyo declined as they had already risen earlier in anticipation.

Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell. MarketWatch will be breaking down the results.

Nvidia's Q3 2024 earnings exceeded expectations, but there are concerns over Blackwell chip issues and inventory shifts. Check out my analysis of NVDA stock.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.

Nvidia’s AI growth story is far from over. The company’s new Blackwell graphics processing unit seems to have limitless demand, which bodes well for the company’s stock price.On Wednesday, Nvidia reported another quarter of stunning revenue.

The company's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn’t as strong as some analysts had expected.

Nvidia's recent Q3 report exceeded Wall Street's high expectations, yet the stock was down. Due to high demand for its Hopper and new Blackwell Superchips, Nvidia is raking in cash. Research suggests short-term dips are normal in a situation like this.